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Bulgaria's ImVenture II cap hike entered into commercial register

Author Vasil Kolchev
Bulgaria's ImVenture II cap hike entered into commercial register Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

SOFIA (Bulgaria), October 19 (SeeNews) - Bulgarian alternative investment fund ImVenture II KDA's capital increase was entered into the register of public companies on October 18, ImPulse I [BUL:IMP], a related company participating in the increase, said.

ImPulse I subscribed and paid for 28,045 shares of 100 levs in par value each for a total issue price of 4.45 million levs, the company said in a bourse filing on Monday.

ImVenture II's registered capital now totals 6.38 million levs ($3.78 million/3.26 million euro) divided into 63,795 shares, up from 2.53 million levs before the increase, commercial register data showed.

ImPulse I and ImVenture II are both owned by Impetus Capital.

ImVenture II's main line of business is investment in small and mid-size enterprises (SMEs) and enterprises with medium capitalisation, both Bulgarian-registered and companies connected with Bulgaria, according to the the filing.

As at 10:15 CET on Tuesday, shares in ImPulse I AD traded flat at 1.245 levs on the BEAM market of the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)